OREANDA-NEWS. December 21, 2009. TransCreditBank won an open auctions and provided the city administrations of Omsk and Saratov with credit lines of RUB 150 mln and RUB 200 mln respectively. The funds have been fully disbursed with the tenor of one year. The funds will be used for day-to-day operations and the regional centers’ development programmes.

TransCreditBank also won an open auction for the right to provide credit resources to the Tomsk region, which resulted in signing with the region Administration’s Finance Department of contracts for three revolving credit lines ranging from 361 to 365 days, amounting to RUB 930 mln. The funds are expected to be disbursed by the end of 2009.